Specific Financial Reporting (IFRS) (HFAC334-1) Assignment Answers

QUESTION 1 (60 marks) Hydrocraft Ltd is a manufacturing company in the deep-sea exploration sector and the entity has a 31 December financial year end. The entity is the only entity in the country that specializes in the manufacture of deep-sea vessels (submersibles) for their customers, namely private tourist entities. The deep-sea vessels are manufactured using specialized machines and it usually takes approximately 24 months […]

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HAUD332-1 (Procedures in Finalising an Audit) Answers

QUESTION 1 (50 marks) You are an Audit Senior at HP Incorporate. You were assigned to the audit of Meltdown (Pty) Ltd (“Meltdown”). Meltdown is a repairs and maintenance company for a group of apartments in the Western Cape. Meltdown stores most of its inventory and machinery needed for repairs at a warehouse in Cape Town, which Meltdown owns. Meltdown has a December 2023 financial […]

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Principles of strategy, risk and financial management techniques (HFMN230-1) Answers

QUESTION 1 (31 marks) RCL Foods Limited (“RCL Foods”) is a South African food manufacturer that produces a wide range of branded foods and private label food products. RCL Foods makes use of its own route-to-market supply chain specialist, called Vector, to distribute its food products. You are provided with the following extracts of RCL Foods’s 2023 Integrated Annual Report: RCL FOODS is the home of […]

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Taxation of Individuals (HTAX230-1) Assignment Answers

QUESTION 1 (41 marks) Nadia Botha is a 42-year-old South African resident. Nadia is employed by Brand Sculpt (Pty) Ltd and received the following amounts during her 2024 year of assessment: • Cash salary of R500 000. • Nadia owns a flat that she rents out at a monthly rental of R10 000. The lease contract was concluded on 1 June 2023. As part of […]

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Group Financial Reporting (HFAC333-1) Answers

QUESTION 1 (50 marks) On 1 July 2021, Bruno Ltd (“Bruno”) acquired 45% of the issued shares in a JSE-listed company, Pluto Ltd (“Pluto”) from a third party. Both Bruno and Pluto have a 30 June year-end. The cost of the 45% shareholding was R625 000 and thereby Bruno obtained significant influence over Pluto. The purchase was correctly accounted for in the accounting records of […]

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Labour Law (HLLW330-1) Assignment Answers

Question 1: Lucinda Maki is a software developer and consulting expert in Artificial intelligence. Lucinda applied for a position as a software developer at Future Logistics Incorporated and was successful. Lucinda is permitted to join a trade union because it allows her to express her diverse interests within the organization and she is allowed to strike in terms of the law. Future Logistics Incorporated clearly […]

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SANRAL to spend R1.165 billion on road infrastructure projects Answers

SANRAL to spend R1.165 billion on road infrastructure projects in EC The South African National Roads Agency Limited SOC (SANRAL) has set aside R500 million for a major road infrastructure development project for the Great Kei Local Municipality. The project is expected to commence on the 1st of January 2025**. The project includes the upgrading of the national R63 between kilometre 21.7 and the N2 […]

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Human Resource Management 3 (HHRM300-1) Assignment Answers

Question 1 (60 Marks) Complete the three (3) prescribed readings below before following the instructions on page five (5) of this assessment brief. A. Read and consider Units 1 – 4 (chapters 1 – 7) of your prescribed textbook. B. Read and consider Figure 1 below (constructs from the figure are discussed throughout units 1 – 4 in your textbook). C. Read through and explore […]

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What Is the Spirit of Ubuntu Assignment Answers

What Is the Spirit of Ubuntu? How Can We Have It in Our Lives? “Ubuntu is also about justice, and particularly, justice for all people. As much as we must look after each other, it is also just as important that we exercise fairness and equality for all people regardless of race, gender, or social status. So essentially, Ubuntu is about togetherness as well as […]

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Computer Literacy Advanced (HCLT108-1) Assignment Answers

Question 1 [19 marks] Read the following background information before attempting any questions. Cape Machinery sells various types of machinery and equipment. You have been provided with the attached sales data records. You noted different date formats are used in the document. The records are for the February to May 2023 period. From the knowledge you have acquired from the Computer Advanced module, create a […]

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